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Korean Air and Asiana Combined Industry-Led Presentation of Intent to Take Over Next Week ASAP
Provided by Korean Air
When Korean Air announced its intention to take over Asiana Airlines, attention was being paid to whether the world’s leading super-large domestic airline could be born. As of last year, Counter Air’s sales amounted to 12,683.4 billion won, and Asiana Airlines was 6,965.8 billion won.
The Korean Air acquisition of Asiana Airlines is a method in which the Korea Development Bank supports the acquisition through a capital increase paid through a third-party allocation method to Hanjin Kal, the holding company of Hanjin Group, while Hanjin Kal buys a 30.77% stake in Asiana Airlines owned by Kumho Industrial. It seems to influence.
According to financial institutions such as Korea Development Bank on the 13th, it was confirmed that Hanjin Group is in negotiations with Korea Development Bank, a creditor of Asiana Airlines, to acquire Asiana Airlines.
The scenario to combine Korea’s major large airlines (FSC) is reportedly being actively promoted by the Korean Development Bank, which has been struggling with the sale of Asiana Airlines, as negotiations with HDC Hyundai Development Company have been recently broken.
An official from Asiana Airlines creditors said: “Compared to other countries, it is true that the Korean aviation industry is inflated and restructuring is necessary, and it seems reasonable to reorganize FSC into one.” “He said.
Regarding the capital structure of Asiana Airlines, Kumho Industries is the largest shareholder with 30.77%. Subsequently, Kumho Petrochemical holds 11.02%, with a 58.21% stake in minority shareholders.
Korean Air’s acquisition of Asiana Airlines is weighing the possibility of a successful success as KDB leads the sale of Asiana Airlines.
KDB provided funds to Kumho Express while promoting the Asiana Airlines sale last year, but if the Asiana Airlines sale fails, the creditors have agreed to sell the stake on arbitrary terms.
As a result, Sangeun, who had been targeted for the miscalculation of sales negotiations with Hyunsan, believes that nowhere has as much knowledge of the aviation industry as Hanjin Group, and appears to be pushing for the acquisition of Asiana Airlines. by Korean Air. It is analyzed that the ruling that it is difficult to normalize Asiana Airlines took effect only because of the transfer of funds from the creditor.
Korean Air is expected to submit a letter of intent to take over next week, and the government is expected to discuss the acquisition plan at the Meeting of Ministers for Strengthening Industrial Competitiveness.
